Executive summary of the report by FUNIDES:
External Environment
The growth of world economy and in particular in the advanced economies in 2011 was lower than anticipated. The latest estimates from the Economist 1 Intelligence Unit (EIU, December 16, 2011) forecast a global economic growth of 3.8 percent for 2011 and 3.2 percent for 2012. These projections are lower than the 4.5 percent initially estimated by the IMF for 2011-2012.
The Economy in 2011
Growth, Wages and Inflation
The indicators and projections by FUNIDES suggest that the economy grew by nearly 5 percent in 2011 but it shows some slowing down from the mid-year point.
On the supply side, the most dynamic sectors were mining, construction, livestock and industry.
On the demand side, growth was driven by investment and exports. Investment indicators point to a real growth of around 25 percent during the first nine months of 2011 while the volume of exports grew 21 percent in October.
Surveys by FUNIDES
The opinions expressed in polls by FUNIDES on households and businesses, are consistent with the increase in economic activity.
What most concerns households the most is inflation (in particular the rise in food, transport and electricity), and the employment situation.
The most serious concern to employers due to their negative impact on economic activity and investment are: corruption, the political environment, the costs of electric power and credit.
Full View: First Economic Situation Report, 2012 (in Spanish)
More on this topic
July 2011
FUNIDES has projected economic growth of 3.5% to 4% for 2011-2013, noting that these are various risks that make the projections err towards the downside.
The executive summary of the second situation report by the Nicaraguan Economic Foundation for Economic and Social Development (FUNIDES) 2011 begins:
April 2010
FUNIDES, the Nicaraguan Foundation for Economic and Social Development, unveiled its first economic situation report of 2010.
“Our report presents a balance of the economy up to September 2009, the results of the most recent business and consumer confidence surveys, an analysis of the Government’s economic and social program, and comparative data on Nicaragua’s competitiveness versus that of Central America”.
September 2010
The economy performed favorably in the first half of the year; the only concern was the increase in inflation.
Nicaragua’s Foundation for Economic and Social Development (FUNDES) presented its second economic situation report of 2010, concluding that the government’s management of the economy remains responsible, but it is worried by increased expenses and some off-budget costs.
August 2011
FUSADES has released a Situation Report for the period April to June 2011.
The report presents a comprehensive quarterly analysis of the behavior of El Salvador’s major economic indicators of, relating to the following sectors and issues: prices, real estate, fiscal, financial, external, agriculture, environment, social and global perspectives.
español
1876
